jimmytrader123

BNB bringing home the bacon

Long
BINANCE:BNBUSDT   Binance Coin / TetherUS
BNB has shown great strength as a coin , even in a sea of reds we still see strong demand for this coin.

Currently trading in an ascending channel on the 1HR Chart , we're looking to take a good long position on a bullish confirmation bounce of the lower support of the channel .

#Tightstops
Comment:
Slowly coming down , playing it patient not buying in early
Comment:
currently opened position at 9.8 , currently extremely volatile and may get stopped out . For a more conservative trade we can await the closing confirmation of the bullish candle.

However since I need to sleep I have just placed a long with a stop around 9.6 .

Goodluck!

#tightstops
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.